November 10, 2008
HSBC profits up on year despite U.S. hit (Scotland Today)
HSBC profits up on year despite U.S. hit (Scotland Today)
LONDON (Reuters) – Europe’s biggest bank, HSBC, said its profit in the third quarter was up from a year ago as growth in Asia helped offset more than $4 billion (2.5 billion pounds) in bad debts on U.S. home loans.
(AFX UK Focus) 2008-11-10 08:47 UPDATE 1-Global crisis to hit UAE loans, real estate (Interactive Investor)
By Ola Galal
HSBC takes $4.3bn hit on US loans (BBC News)
HSBC’s losses relating to the US housing market crisis reach $4.3bn (£2.7bn) in the third quarter.
Related posts:
- HSBC faces hit on U.S. bad loans and Asia slowdown (Interactive Investor)
- (AFX UK Focus) 2008-11-06 03:52 UPDATE 1-Australia’s c.bank to take CP for repo loans (Interactive Investor)
- (AFX UK Focus) 2008-11-03 09:06 Oman sets dlr loans to banks at LIBOR +150 pts (Interactive Investor)
- (AFX UK Focus) 2008-10-30 07:59 UPDATE 1-BRE Q3 net up 23 pct on loans, beats forecast (Interactive Investor)
- Lloyds TSB profits dip as HBOS toxic hit tops £5bn (The Scotsman: Business)
Filed under News by admin


